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No Place like Home: First-Generation Homeowners Say Owning a Home is More Important Now than Ever Before

/PRNewswire/ New data from Bank of America shows that family support often plays a pivotal role in helping first-generation homebuyers reach the major. ....

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Bank of America Mortgage Lender Review 2021 | NextAdvisor with TIME

Bank of America's website addresses basic questions, but customers who have further questions may have a hard time getting a clear answer from the bank. ....

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Bank of America expands homeownership loans, grants

Though Tucsonâs residential real estate market is faring better than many expected at the onset of the pandemic, the majority of prospective homeowners say they need assistance with the down payment on their home. In response, Bank of America is expanding their Community Homeownership Commitment, which is a loan and grant program that helps individuals and families purchase a home. The Commitment was first introduced in 2019, but Bank of America recently announced they are tripling the initiativeâs funding from $5 billion to $15 billion to help 60,000 people buy homes through 2025. So far, the initiative has helped more than 21,000 individuals and families, and provided $180 million in grants for down payments and closing costs. ....

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HOMBRE1 | How To Receive $14K Towards A New Home With Bank Of America Homebuyer Programs

How To Receive $14K Towards A New Home With Bank Of America Homebuyer Programs
The pandemic brought on a surge in homebuying due to
low mortgage rates and people’s desire to leave cities for more space, fewer crowds and sense of community, per
Bank of America Homebuyer Insights. While homeownership has historically helped families create a legacy and build long-term wealth, it has been found that saving for down payment and closing costs are key challenges for prospective homeowners – especially for those buying homes for the first time. Because of this, many self-select out of investigating homeownership simply because they don’t think they can afford it. ....

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